20 WALKER STREET, Warners Bay

Live in, Investment or Develop.

Within 5 min walk to foreshore of Warners Bay. This block has location, size and potential. It has a solid,neat brick and tile home with a double garage (extra height), 3 bedrooms, loungeroom, sunroom / study area, and a good sized dining area adjacent to the kitchen. It has a bathroom and separate WC, with a separate internal laundry. A large covered entertainment area overlooks the huge yard. The yard has 2 separate fenced areas, one for the kids or pets and the other full of fruit trees (mandarin, apricot, plum, mango, lemonade, lemon, fig), with 5 massive fertile garden beds and a cubby house There is even room for the chickens. Also in the rear yard is a separate workshop / storage area that could be renovated into a teenage retreat or games room. Additional to the attached double garage there is plenty of car space on the driveway and off road for more car parking. Currently has great reliable tenants, returning $370 per week with potential for $400+ p.w, Located within 5 mins walk to Lake Macquarie foreshore, with walkways, cafes, shopping centre and parks. Within 5 mins walk to WB Highschool, 2 primary schools and 2 child care centres. Public transport is located at the end of the street. You can choose to live there now and enjoy the lakeside lifestyle immediately, or rent it out as an investment (tenants would like to remain) and / or either develop in years to come or do it sooner rather than later and reap the benefits. For Development Purposes: The Block: 1012 sq m level ground 20.1m frontage x 50.29m depth. Currently Zoned 2(2) Residential (Urban Living) to be Zone R3 Medium Density Residential " in LEP 2012 (draft LMLEP is currently on exhibition, with gazettal expected in 2013.). Multi dwelling housing can be built, subject to Council approval " at present currently on 3 other blocks of the same size in the street 3 units per block are being constructed and/or planned. 3, 4 or more dwellings can be erected on a minimum block size of 850sqm in this zone. Also the new LEP has a minimum subdivision lot size of 900sqm for Zone R3.